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⛽ META Pumps & Rates Hike
Facebook pumps over 28%, interest rate hikes in the US and Europe, Onfolio gets a buy rating and 5 more Flippa Deals. Plus updates on the markets, online business, startups, crypto and real estate.
The U.S. Federal Reserve delivers an expected 25 basis point hike, whereas the European Central Bank goes with a 50 basis point hike, the 10th in a row, and pledges yet another next month. But like the Fed, the ECB is close to a pause.
Facebook ($META) shares pump due to resilient revenue, $40B of share buybacks and Zuckerberg promising a ‘year of efficiency’.
Chart of the day
ONLINE BUSINESS UPDATE
Search Engine Land’s SEO 2022 in review focussed on E-E-A-T, ChatGPT, Search Essentials.
EF Hutton gave digital business portfolio company Onfolio ($ONFO) a buy rating and a price target of $3.
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Addressable, a digital fingerprinting startup that claims can match crypto wallets with social media accounts has raised $7.5 million in seed funding.
Doug DeMuro’s Cars & Bids auction site raised $37M from The Chernin Group.
Hnry, the bookkeeping platform for contractors and freelancers, raised a $35M Series B round, bringing the total raised to $53M.
FTX had around $1.4B is cash at end of 2022, which was 19% higher than the amount reported in their bankruptcy filing in November.
Coinbase wins dismissal of a lawsuit alleging it sold unregistered securities on its platform.
The UK sets out plans to regulate crypto industry after the FTX collapse. The proposals include strengthening rules on crypto lending.
REAL ESTATE UPDATE
Freemodel, a pre-sale home rennovation startup, raised a $19.5M Series A round led by QED Investors.
Oxford Economics predicts real estate prices in Canada to drop a further 30%, with the worse case being a return to 2014 values.
Declining property values are creating a $55B funding shortfall in Europe, a problem for property owners looking to refinance their debt.
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